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S03E13: Villy Custom

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Villy Custom is an online site that sells fully customizable fashion bikes. a user can easily log online and build their bike anywhere from parts to colors and designs. Each bike averages of about $641. This company was founded by an entrepreneur named Fleetwood Hicks whose company name was inspired by his dog Deville. In this episode Fleetwood is seeking a $500,000 investment in exchange for a 33% stake in the company.

Update

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Since the deal was made, within 24 hours hours of the show, the Villy Custom website received 85,000 new visiters. Before the company aired on shark tank, Villy Custom grossed sales of about $215,000 per year. After being on the show they have already produced $100,000 in sales within five weeks. Fleetwood invested the $500,000 into hiring employees, improving their website, and stocking up on inventory.